News Article

SRS Distribution announced today that Venture Roofing & Building Supply will join the SRS Family of Companies

By
Matt McDermott
December 14, 2017

SRS Distribution announced today that Venture Roofing & Building Supply will join the SRS Family of Companies

McKinney, TX - December 14, 2017:SRS Distribution ("SRS" or "the Company") is pleased to announce today that it has executed a definitive agreement pursuant to which Venture Roofing & Building Supply ("Venture"), an independently owned distributor of residential and commercial roofing products, will join the SRS Family of Companies. Venture is headquartered in Tulsa, Oklahoma and maintains the following additional locations: North Little Rock, Arkansas; Richland Hills, Texas; Weatherford, Texas; and Melissa, Texas. The transaction is expected to close in January and terms of the agreement were not disclosed.

Venture Roofing & Building Supply was founded in 2012 and currently employs a team of over 55 people. Venture covers a primary market area of North Texas, Northeast Oklahoma, and Central Arkansas, servicing professional contractors, local homebuilders, home improvement contractors, and remodelers. Venture's entire sales and operations team will be staying with the company to run the branches going forward.

Dan Tinker, President & CEO of SRS Distribution, commented, "In Venture, we gain a team of strong industry veterans and entrepreneurs that we know well from our past and who share similar operating philosophies to SRS. We are honored to partner with all of Venture's loyal and hard-working employees, and we look forward to the combined strength of the Venture and Southern Shingles locations in this very storm prone and high growth area of the country."

Todd Turner, Co-Owner of Venture, added, "With all that our team has accomplished over the last five years in building the Venture platform, we believe we had a bright future ahead and certainly were not a company that was for sale. When SRS approached us, we listened to their story and vision, and began to see ourselves as complementary partners for future growth and preservation. We felt the timing was both optimal and paramount to 'choose sides' and partner with SRS to help accelerate the growth of our platform. With the backing and resources of SRS, we believe we have the unique opportunity to change our employees' lives for the better both now and for generations to come. We look forward to contributing to the success of the SRS Family and helping the company achieve its long-term vision of building a legacy as the largest family of independent roofing distributors."